Conversions of retirement accounts holding nontraditional investments introduce twists. Here's what you need to know to make the journey safe
A Roth IRA is the same thing as a traditional IRA, but with special features,1 including: Contributions to a Roth IRA aren't tax deductible, while contributions to a traditional IRA might be. Contributions to a Roth IRA may be made even after age 70½, as long as income doesn't exceed certain levels. Distributions are tax free, if any Roth IRA has existed for at least five years and the taxpayer is over age 59½. Lifetime required minimum distributions (RMDs) do not need to be made ...
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